MSME Survival Fund Update: Latest News on Survival fund

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A lot is currently ongoing in the disbursement of the Federal Government N75 Billion MSME Survival Fund meant to cushion the effect of the COVID-19 Pandemic on Micro, Small and Medium Enterprises as part of the National Economic Sustainability Plan.


Recall that in January 2022, the Project Delivery Office of the MSME Survival Fund Grant Scheme alerted MSMEs recently approved for the Survival Fund Payment to indicate if any registered Employee under his/her MSME would need to be removed by filing a Form

While many doubted, we published a breakdown of the MSME Survival Fund beneficiaries as well as the number of beneficiaries likely to emerge in the programme in 2022, in the same January 2022.

SEE ALSO: Apply: ProvidusBank 2022 SME Program for Nigerian Entrepreneurs

“In the first meeting of the Economic Sustainability Committee in 2022, the Minister of State, Industry, Trade and Investment, Mrs Mariam Katagum disclosed that over 1.1 million Nigerians have benefitted from different schemes under the ESP MSME survival fund, thereby saving millions of jobs.

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“Mrs Katagum in her report stated that 459,334 beneficiaries have so far emerged under the Payroll Support Scheme. This entails that about 40,666 beneficiaries are yet to be engaged under the Payroll Support Scheme.

“She added that 307,687 beneficiaries have been recorded under the Artisan & Transport Scheme. Which means that about 25,313 beneficiaries are yet to benefit under the track.

“Similarly, 82,491 Nigerians have so far benefited from the General MSME Grants Scheme, while 17,468 have so far benefited under the Guaranteed Offtake Scheme. This also means that 17,509 and 82,538 beneficiaries are yet to emerge under the General Grant and Guaranteed Offtake Scheme respectively.

“According to the Minister’s report, 250,000 business names have however been registered free under the survival fund’s CAC Formalization Support Scheme.

SEE ALSO: GEEP Loan: FG continues notification of shortlisted 98,000 beneficiaries of GEEP 2.0, readies for Physical Enumeration

The above report is contained in a Statement titled “VP receives ESP Update, as MDAs report progress with over two million jobs saved, created so far”, by Laolu Akande – Senior Special Assistant to the President on Media and Publicity,” we clarified in the Publication.

In Today’s MSME Survival Fund Survival Fund 2022 Payment Update, the Federal Government has commenced payment of the 3 months N30,000 to N50,000 salary Supports to Employees and CEOs respectively under the Payroll Supports Track, as well as the Guarantee Offtake Scheme Track.

Applicants of the N75 Billion MSME Survival Fund Scheme should expect more payment in 2022 and should note that there is no Survival Fund 2022 Payment Date programmed anywhere.

Applicants should also note that the Survival Fund Registration Portal is not yet open for new applicants in 2022, rather Survival Fund 2022 Payment is currently ongoing.

Originally published by myinfoclock

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